When a country with a substantial population steers into an era of industrialization and urbanization, disequilibrium between energy demand and supply can become acute. Without intervention, the disequilibrium can trigger serious energy concerns. Today, China is at such a crossroads, experiencing bottlenecks in both technology innovation and effective legal regimes to regulate the industry. At the turn of the millennium, many Chinese economists and academics began warning that China had lacked an energy planning and security strategy. Today, researchers understand that a coordinated energy strategy is crucial to China’s development and security. Some Chinese commentators have even asserted that an energy crisis could be the single greatest danger facing the nation, even more critical than a financial crisis. In such an important era for China’s economic development, securing access to affordable, reliable, and clean energy is vital.
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